Dan Kunama 1

Fictional character

[Monica Ebunoluwa @EbunoluwaMonica]

Structured, very important.

[Abuja Lawyer @therealsteeeve]

“Mama had a cow. Dad was proud, he didn’t care how.”

The things we used to watch as kids. 😭

[Abuja Lawyer @therealsteeeve]

Last day at my current job, changing jobs can be so emotional.

[Abuja Lawyer @therealsteeeve]

Debunking some myths about the 2026 tax reforms:

"I heard the government is now monitoring every ₦5,000 transfer and will debit tax automatically."

Stop. Relax.

There is a lot of misinformation flying around about the 2026 Tax reforms and your bank account. As a lawyer, let’s separate the law from the "WhatsApp broadcast" rumors.

1. The NRS (formerly FIRS) can now automatically pull tax from your bank balance without your permission.

REALITY: FALSE.
The Nigeria Tax Act 2025 does NOT give the government "remote control" over your funds. Tax collection still follows due process: Assessment, Demand Notice, and Right to Appeal. They can't just "swipe" your money like a Netflix subscription.

2. The 7.5% VAT Confusion:
MYTH: There is a new tax on every transfer you send.

REALITY: You might see "VAT" on your bank alerts, but it’s NOT on the money you sent. It is 7.5% VAT on the Bank Charge (the ₦10 or ₦26 fee).
Example: You send ₦10,000. Bank charges ₦10. VAT is 7.5% of that ₦10 (= ₦0.75). You are NOT paying 7.5% of the ₦10,000.

3. What is ACTUALLY being reported?:
So, does the NRS see your transactions?
Yes, but only if you hit certain "High Value" triggers.
Under the new 2026 guidelines, banks report monthly cumulative transactions of:
₦25 Million+ for Individuals
₦100 Million+ for Corporates
If you’re sending "urgent 2k" or paying for lunch, you are not on their radar for this specific reporting.

4. The Tax ID / NIN Rule:
The real change? Your NIN is now your Tax ID.
Since Jan 1, 2026, you need a validated Tax ID/NIN linked to your account to keep it fully operational. This isn't for "spying", it’s to ensure that people earning billions in profit are actually in the tax net.

5. The "Gift" vs. "Income" Rule:
"What if my dad sends me ₦1M for my wedding? Will they tax it?"

NO. Personal gifts, family support, and inheritance are NOT "Income." The NRS is interested in Trade, Business, and Professional Earnings. Keep your receipts/narrations clear just in case, but don't panic over personal transfers.

6. The goal of the 2026 reforms is transparency, not "theft." Don't let fear-mongering stop you from using your bank apps.
Know the law, keep your records, and ignore the "experts” online who haven't read the Act.

Shalom.

[Abuja Lawyer @therealsteeeve]

My Junior sister started watching football this year. She chose to support Arsenal.

May God forgive me, I have failed as a Chelsea fan.

[Rabs malik @rabs_35]

@official_Gegeh Marriage is not for us u said defend this or see u in court 😢😂

[Oku @oku_yungx]

DUMP 1B in mutual market if you got zero business idea.

At 16% ROI.

Yearly Return

₦1,000,000,000 x16%= ₦160,000,000

Yearly earnings: ₦160,000,000

Monthly Return

₦160,000,000 divided by 12 = ₦13,333,333.33

Monthly earnings: ₦13.33 million

Daily Return

Assuming a 365 days:

₦160,000,000 divided by 365 = ₦438,356.16

Daily earnings: ₦438,356

I will just say NO to any pressure with the aforementioned‼️

[Dan Kunama 1 @steve____ross]

@Mrbankstips $2million dollars in winnings and a job in the WTO.

[Dan Kunama 1 @steve____ross]

@schiz04renic Let’s goooo

[Dan Kunama 1 @steve____ross]

@bayobets Ifb

[Dan Kunama 1 @steve____ross]

@thenihiin Hello

[Dan Kunama 1 @steve____ross]

@ObaDeleke Hi

[Dan Kunama 1 @steve____ross]

@john322226 I follow back

[elthegreatest 👽 @elkanahofficial]

You can never pray your way into building wealth and Abundance..

Prayers only work when they become Actions and Manifestation in real time .

Praying for blessings “money” printed by men is misplaced priorities big time, one day your head go blow like this transformer 😂

[Dan Kunama 1 @steve____ross]

Is this how Igbo people sound?

[Dan Kunama 1 @steve____ross]

Is this how Igbo people sound?

[Dan Kunama 1 @steve____ross]

One of the greatest books ever

[Ori David (Mr. Corporate Law) @OriDavid17]

The “however” will hit like crack.

[— geduma🇦🇷 @sageXLJ]

women mastered this art better than men…

[Big Chops @iamBigChops]

Someone said hide the money from yourself then go get some more. That’s how you win.